FOR SALE 6800 MANHATTAN BLVD. BLDG. 1,FORT WORTH, TX … · 2020. 1. 15. · a financial advisor to any party regarding anyproposed transaction. All data and assumptions regarding

FOR SALE

6800 MANHATTAN BLVD.

BLDG. 1 ,FORT WORTH, TX 76120

[email protected]

817.226.0000 1

mailto:[email protected]

Property Details 3

Floor Plan 7

Property Photos 9

Location Information 11

Expense Summary 14

Advisor 16

TABLE OF CONTENT

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Legal questions should be discussed by the party with an attorney. Tax questions should be discussedby the party with a certified public accountant or tax attorney. Title questions should be discussed bythe party with a title officer or attorney. Questions regarding the condition of the property andwhether the property complies with applicable governmental requirements should be discussed by theparty with appropriate engineers, architects, contractors, other consultants and governmentalagencies. All properties and services are marketed by Texas in compliance with all applicable fairhousing and equal opportunity laws.

E X C L U S I V E L Y M A R K E T E D B Y :

J P H u m p h rey, I I IA s s o c i a t e

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J P . H u m p h r e y @ a d v i s o r s c o m m e r c i a l r e . c o m

A d v i s o r s C o m m e r c i a l R e a l E s t a t e

2 0 0 0 E . L a m a r S u i t e 7 1 0 | A r l i n g t o n , T X 7 6 0 1 1


PROPERTY DETAILS

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6 8 0 0 M A N H AT TA N | F O RT W O RTH , T X

AdvisorsCommercialRE.com

OFFERING SUMMARY:

SALE PRICE $500,000

SPACES: 2

LOT SIZE: 1.74 Acres*

BUILDING SIZE: 6,037

PRICE/SF: $82.82

EXECUTIVE SUMMARY

PROPERTY OVERVIEW:

Medical/Office Property Located minutes from Downtown Fort Worth and sits conveniently on Highway 820 Frontage. The building is 6,037

SF and has Tower Signage with great visibility from Highway 820 consisting of 95,045 Vehicles Per Day. The property has abundant parking

and offers an owner/user the opportunity to occupy a portion of the building and gain income from a new tenant. In the event new ownership

does not occupy the full building, the location of the restrooms allows an owner/user flexibility in determining how much space they decide to

occupy and how much to lease out to a prospect.

*The lot consists of 5 building condo’s that equally split the assessed taxes for the total lot. Additionally, common area expenses for

landscaping, trash collection, water and any expenses for common area repairs and maintenance are added up and split equally by the

owners. The original property owner's association has since been disbanded and is being run on a voluntary basis currently by one of the

condo owners. Ownership has indicated that this POA could be revived if new ownership so desires.

PROPERTY HIGHLIGHTS:

• 6,037 Sq. Ft.

• Excellent Visibility from Hwy 820

• Tower Signage Fronting Hwy 820

• Ample Parking

• Great Owner/User opportunity

• Easy Accessibility to Hwy 820 and I-30.

6 8 0 0 M A N H A T T A N | F O R T W O R T H , T X


PROPERTY DESCRIPTION

PROPERTY DESCRIPTION:

For sale is a free standing vacant building, which could be

demised for multi-tenancy or occupied by a single operator. The

Lot is part of a 5 building condo association consisting of 1.74

Acres and the building itself is 6,037 SF. The Tower Signage

fronting Hwy 820 offers a buyer excellent visibility with over

95,000 vehicles passing per day. The property is a short drive to

Downtown Fort Worth and offers great Accessibility to Hwy 820

and I-30.

LOCATION DESCRIPTION:

Property sits on Hwy 820 Frontage in East Fort Worth. Hwy 820

has seen an increase in traffic lately and construction to widen

the highway is underway. Being positioned next to Hwy 820

means your minutes from everything. Property has great

visibility, great access, and ample parking.

SITE DESCRIPTION:Great Visible site with multiple Txdot projects nearby.

ZONING:

E Neighborhood Commercial

CONSTRUCTION:

Masonry Building.



PROPERTY NAME 6800 Manhattan

PROPERTY ADDRESS6800 Manhattan Blvd. Building

1, Fort Worth, TX, 76120

PROPERTY TYPE Medical/Office

LOT SIZE 1.74 Acres*

ZONING E Neighborhood Commercial

PARKING SPACES 108 Shares Parking Spaces

PARKING RATIO 3.6/1,000

CROSS STREETSManhattan Blvd. and Hwy 820

Svc Rd

YEAR BUILT 1981

CONSTRUCTION TYPE Masonry

NUMBER OF STORIES 1

FOUNDATION Slab

WALLS Masonry

HVAC UNITS 6

ROOF Good Condition

PROPERTY DETAILS


*See Executive Summary for details on Lot Size

HVAC Units: 3 HVAC units are between 3 and 4 years

old, one is approximately 5 years of age, and two units

have not been replaced since current owner purchased

the property. All HVAC units are in good and working

condition.

FLOOR PLAN

7



FLOOR PLAN


PROPERTY PHOTOS

9



PHOTO GALLERY


LOCATION INFORMATION


11


LOCATION MAPS



LOCATION MAPS


EXPENSE SUMMARY

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EXPENSE SUMMARY

2019 Property Expense

TAXES $12,704.64

INSURANCE $5,286.12

LANDSCAPING $1,558.80

TRASH ESTIMATE* $2,700.00

WATER $1,687.65

ELECTRIC ESTIMATE* $12,074.00

TOTAL EXPENSES $36,011.21


*Trash estimate is based on a monthly dumpster cost of $225.00. Trash is currently contracted independently by each building and given

that our building is vacant we have not had any dumpster costs.

*Electric estimate is based on a $2.00/SF annual average.

ADVISOR

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PROFESSIONAL BACKGROUND

JP Humphrey, III joined Advisors Commercial Real Estate in 2017 and is an Associate in the Dallas/Fort Worth

office. JP specializes in project leasing for office and medical Office properties in Arlington, Mid-Cities, and

Dallas submarkets. JP’s expertise also includes tenant representation and property sales. JP’s aggressive

prospecting strategies and attention to detail have help him consistently exceed his client’s expectations.

He has held a Texas real estate license since his senior year in high school. As an Arlington native, he strongly

believes in giving back to his community and is actively involved with several local charities.

Notable Assignments

• Arlington Medical Plaza where he significantly increased the occupancy during the first 12 months after

starting the assignment.

• One Valley View Plaza, a six story, 100,000 SF office building located in Dallas.

Notable Awards

• Fort Worth Inc. 2019 Top Commercial Brokers & Agents

EDUCATION

JP holds a B.S. degree in finance with a concentration in real estate and a minor in accounting from the Sam M.

Walton College of Business at the University of Arkansas. DEVELOPING TRUST IN RELATIONSHIPS WITH

CLIENTS IS THE NUMBER ONE OBJECTIVE.

JP Humphrey, IIIAssociate

817.226.0000

[email protected]

Advisors Commercial Real Estate

2000 E. Lamar Blvd., Suite 710, Arlington, TX, 76006

JP HUMPHREY, III


Documents

FOR SALE 6800 MANHATTAN BLVD. BLDG. 1,FORT WORTH, TX … · 2020. 1. 15. · a financial advisor to any party regarding anyproposed transaction. All data and assumptions regarding